To view the PDF file, sign up for a MySharenet subscription.

Group Five Announces Another International Contract

Release Date: 04/09/2002 07:02
Code(s): GRF
Wrap Text

Group Five Announces Another International Contract Group Five Limited/Howden Africa Holdings Limited Press release For distribution 3 September 2002 GROUP FIVE ANNOUNCES ANOTHER INTERNATIONAL CONTRACT Group Five, one of South Africa`s largest construction companies, today announced that its subsidiary, Group Civils - Industrial and Mining - has secured two contracts worth R95 million at Vilankulo in Mozambique. The Group Five Temane project, a joint venture with an Italian construction company, CMC, is responsible for all the civil and infrastructural works of the main gas processing plant at the start of the Mozambique/ Sasol gas line. Group Five will also be responsible for establishing all the infrastructure and accommodation facilities. Commenting on the new contract, Group Five CEO Mike Lomas said: "These new cross border contracts are another example of the success of our focus on increasing our hard-currency earnings. Strong alliances with our contracting partners and a culture of teamwork within the Group create an integrated effort to deliver fully on requirements. " -ends- Brunswick SA (011) 268 5750 Heidi Geldenhuys 083 325 8924 Taryn Proksch 083 273 1301 Enquiries: Mike Lomas, CEO Group Five (011) 806 0245 082 447 0641 Date: 04/09/2002 07:00:02 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

Share This Story